Invesco India ETF
ALTAR
Score™
5.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
25.6x P/Sales
ratio
2.0x
P/BV
ratio
2.7x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Invesco India Portfolio seeks investment results that correspond to the price and yield of the Indus India Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Invesco PowerShares
Website www.powershares.com
Inception date Mar 05, 2008
Assets (mns) $88
Currency USD
Expense ratio 78 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 125
Wgt avg mkt cap (mns) $38,328
Large cap (>$10bn) 69.3%
Mid cap ($2-10bn) 27.5%
Small cap (<$2bn) 3.2%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
RELIANCE INDUSTRIES LTD 10.4 %
INFOSYS TECHNOLOGIES LTD 8.6 %
HOUSING DEVELOPMENT FINANCE 8.5 %
HINDUSTAN UNILEVER LIMITED 6.3 %
TATA CONSULTANCY SVS LTD 6.1 %
BHARTI AIRTEL LIMITED 4.1 %
MARUTI SUZUKI INDIA LTD 2.3 %
HCL TECHNOLOGIES LTD 2.0 %
ITC LTD 1.9 %
SUN PHARMACEUTICAL INDUS 1.7 %
Total 51.9 %

TOP COUNTRY EXPOSURE
INDIA 97.3 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.9% -12.7% 1.1% 0.6% -0.1%

Market Correlations
versus... Beta R-squared
S&P500 0.84 39%
MSCI EAFE 1.01 49%
MSCI Emg. Mkts. 0.88 60%

Technical Indicators
Recent close $17.82
30d moving avg. $16.69
Annualized volatility 22.6%
Short interest (ETF) 2.6%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 40
Turnover 0.8%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $270

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Invesco India ETF ETF based on the alternatives' overlap in portfolio holdings with PIN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PIN Expense: 78 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PIN
Ticker Fund
Name
Overlap1
vs PIN
(%)
Expense
ratio
(bp)
Savings
vs PIN
(bp)
ALTAR
Score™
(%)
ALTAR
vs PIN
(%)
FLIN Franklin FTSE India ETF 84.0 19 59 5.8 +0.0
INDA iShares MSCI India ETF 81.2 69 9 5.3 -0.5
IXSE WisdomTree India Ex-State-Owned Enterprises Fund 75.5 58 20 5.0 -0.7
EPI WisdomTree India Earnings Fund 64.2 85 -7 8.9 +3.2
INDY iShares India 50 ETF 63.9 94 -16 5.7 -0.1
NFTY First Trust India NIFTY 50 Equal Weight ETF 43.2 80 -2 7.8 +2.1
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 14.8 64 14 4.8 -0.9
BKF iShares MSCI BRIC ETF 11.9 69 9 7.7 +2.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 11.6 60 18 8.5 +2.8
ECON Columbia Emerging Markets Consumer ETF 11.0 59 19 4.6 -1.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 10.7 30 48 9.0 +3.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 10.3 49 29 8.1 +2.4
RNEM Emerging Markets Equity Select ETF 10.3 75 3 10.5 +4.8
JHEM John Hancock Multifactor Emerging Markets ETF 9.8 49 29 8.7 +2.9
INCO Columbia India Consumer ETF 9.4 75 3 3.1 -2.7
EEMA iShares MSCI Emerging Markets Asia ETF 9.2 50 28 7.9 +2.1
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 8.7 25 53 7.8 +2.1
DVEM WisdomTree Emerging Markets Dividend Fund 8.7 32 46 8.5 +2.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 8.4 20 58 7.1 +1.4
EMCG WisdomTree Emerging Markets Consumer Growth Fund 8.4 32 46 7.5 +1.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 8.3 44 34 9.1 +3.4
SCHE Schwab Emerging Markets Equity ETF 8.3 11 67 8.2 +2.4
FLAX Franklin FTSE Asia Ex Japan ETF 8.2 19 59 8.0 +2.3
FDEM Fidelity Targeted Emerging Markets Factor ETF 8.0 45 33 9.7 +4.0
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 7.9 50 28 10.4 +4.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 7.8 32 46 9.2 +3.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 7.7 45 33 8.2 +2.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 7.6 68 10 7.4 +1.6
VWO Vanguard FTSE Emerging Markets ETF 7.5 10 68 8.4 +2.6
EMMF WisdomTree Emerging Markets Multifactor Fund 7.4 48 30 9.8 +4.0
PXH Invesco FTSE RAFI Emerging Markets ETF 7.2 50 28 13.4 +7.7
GMF SPDR S&P Emerging Asia Pacific ETF 7.2 49 29 7.6 +1.8
ESGE iShares ESG MSCI EM ETF 7.2 25 53 9.0 +3.2
VIGI Vanguard International Dividend Appreciation ETF 7.1 25 53 5.6 -0.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 6.8 36 42 8.5 +2.7
EEM iShares MSCI Emerging Markets ETF 6.8 68 10 7.7 +2.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 6.7 32 46 6.4 +0.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 6.4 95 -17 9.6 +3.8
IEMG iShares Core MSCI Emerging Markets ETF 6.3 13 65 8.2 +2.5
NUEM Nuveen ESG Emerging Markets Equity ETF 6.2 45 33 7.6 +1.9
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 6.2 45 33 9.5 +3.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 5.8 30 48 8.1 +2.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 5.7 40 38 7.3 +1.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 5.7 39 39 13.0 +7.3
EEMO Invesco S&P Emerging Markets Momentum ETF 5.5 29 49 6.9 +1.1
SPEM SPDR Portfolio Emerging Markets ETF 5.5 11 67 8.1 +2.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.4 59 19 11.4 +5.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 5.3 65 13 7.7 +2.0
KMED KraneShares Emerging Markets Healthcare Index ETF 4.4 79 -1 2.2 -3.5
AVEM Avantis Emerging Markets Equity ETF 4.4 33 45 9.2 +3.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.8 58 20 7.9 +2.2
SMIN iShares MSCI India Small Cap ETF 3.2 76 2 3.3 -2.4
FILL iShares MSCI Global Energy Producers ETF 3.2 39 39 6.4 +0.7
AXJL WisdomTree Asia Pacific ex-Japan Fund 3.1 48 30 9.7 +4.0
NXTG First Trust Indxx NextG ETF 2.6 70 8 6.2 +0.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 2.5 16 62 7.0 +1.3
DEM WisdomTree Emerging Markets High Dividend Fund 2.3 63 15 14.1 +8.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 2.2 69 9 8.1 +2.3
ACWV iShares Edge MSCI Min Vol Global ETF 2.1 20 58 5.7 -0.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.9 40 38 7.1 +1.4
VXUS Vanguard Total International Stock Index Fund 1.8 8 70 7.7 +2.0
IXUS ishares Core MSCI Total International Stock ETF 1.8 9 69 7.5 +1.8
VEU Vanguard FTSE All-World ex-US Index Fund 1.7 8 70 7.7 +2.0
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 1.7 45 33 13.8 +8.0
IQDE FlexShares International Quality Dividend Defensive Index Fd 1.7 47 31 12.4 +6.6
BLES Inspire Global Hope Large Cap ETF 1.7 52 26 6.5 +0.8
IGRO iShares International Dividend Growth ETF 1.5 22 56 8.1 +2.4
VSGX Vanguard ESG International Stock ETF 1.5 17 61 7.3 +1.6
LEGR First Trust Index Digital Transaction & Process Technology E 1.5 65 13 7.3 +1.5
ACWF iShares FactorSelect MSCI Global ETF 1.4 35 43 8.1 +2.3
EDIV SPDR S&P Emerging Markets Dividend ETF 1.2 49 29 11.1 +5.3
CWI SPDR MSCI ACWI ex-US ETF 1.2 30 48 7.3 +1.5
PICK iShares MSCI Global Metals & Mining Producers ETF 1.2 39 39 7.6 +1.8
IQDF FlexShares International Quality Dividend Index Fund 1.2 47 31 12.4 +6.7
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 1.2 51 27 13.5 +7.8
FEM First Trust Emerging Markets AlphaDEX Fund 1.1 80 -2 11.4 +5.6
FTAG First Trust Indxx Global Agriculture ETF 1.0 70 8 6.5 +0.7
XT iShares Exponential Technologies ETF 0.9 47 31 5.1 -0.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.8 63 15 12.7 +7.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.8 20 58 6.2 +0.4
VT Vanguard Total World Stock Index Fund 0.7 8 70 6.2 +0.5
LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.7 20 58 6.1 +0.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.6 65 13 6.3 +0.6
DVYE iShares Emerging Markets Dividend ETF 0.5 49 29 16.3 +10.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 0.5 20 58 11.1 +5.4
DGT SPDR Global Dow ETF 0.5 50 28 6.8 +1.0
OBOR KraneShares MSCI One Belt One Road Index ETF 0.4 79 -1 9.5 +3.7
VYMI Vanguard International High Dividend Yield ETF 0.4 32 46 10.3 +4.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.4 86 -8 2.2 -3.5
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 0.4 80 -2 18.3 +12.5
DEW WisdomTree Global High Dividend Fund 0.3 58 20 9.4 +3.6
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 0.3 10 68 9.1 +3.4
SDG iShares Sustainable MSCI Global Impact ETF 0.3 49 29 5.9 +0.1
SDEM Global X SuperDividend Emerging Markets ETF 0.2 66 12 16.0 +10.3
VNQI Vanguard Global ex-US Real Estate Index Fund 0.2 12 66 9.9 +4.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 31 6.5 +0.7
ACWI iShares MSCI ACWI ETF 0.1 32 46 5.9 +0.2
DRW WisdomTree Global ex-US Real Estate Fund 0.1 58 20 10.6 +4.9
FTRI First Trust Indxx Global Natural Resources Income ETF 0.1 70 8 9.6 +3.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 32 46 7.4 +1.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Invesco India ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.5 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 78 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.45
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.